End the unfair tax rule pushing up housing costs and widening the gender wealth gap
Description
The Capital Gains Tax Discount is an outrageous rule that subsidises the already wealthy, strips billions from the budget, and contributes to the housing crisis and the gender wealth gap.
It's part of a collection of tax rules that incentivise people treating housing as a way to make money, rather than as a place to live. Combined with negative gearing, these policies mean that if you have money, it makes the most financial sense to use it buying more and more houses. And that means more investors outbidding aspiring first home owners.
This distorting rule also perpetuates gender inequality and contributes to widening the gender wealth gap as it disproportionately benefits men.
It doesn't have to be this way. Right now the Senate is conducting an inquiry into this tax rule - and media reports the Government is actively considering this reform in shaping the May budget.
Join Fair Agenda and leading policy experts for a conversation about what the CGT discount means for women, housing, and economic equality.
Speakers:
Helen Hodgson, a Professor of Tax Law at Curtin University and a member of the Policy Committee of the National Foundation for Australian Women. Her research focuses on the intersection between tax and social policy, including superannuation, housing and gender.
Dr Gemma Killen, the Executive Director of the Working with Women Alliance - one of the five federally funded National Women’s Alliances. The WwWA brings together expertise and sector experience to provide advice to Government on gender equality and women’s safety.
Maiy Azize, the National Spokesperson for Everybody’s Home, a campaign advocating for real solutions to fix Australia’s housing crisis. She is a frequent media commentator and policy advocate, focusing on housing affordability, homelessness, and renters' rights. Maiy is also the Deputy Director of Anglicare Australia.
At this important event, we’ll explore:
Why women’s economic security must be part of tax reform
How the CGT Discount works and who benefits
The links between tax policy, gender inequality and the housing crisis
What reform could mean for women and future generations
What you can do to influence reform
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